Statement A: Simple donation inter vivos can be validly reformed. The prescriptive period for actions based on reformation of instrument is ten (10) years. Both statements are fals... Statement A: Simple donation inter vivos can be validly reformed. The prescriptive period for actions based on reformation of instrument is ten (10) years. Both statements are false. Only Statement 'B' is false. Neither is false. Only Statement 'A' is false.
Understand the Problem
The question presents two statements related to legal concepts regarding donation inter vivos and prescriptive periods for the reformation of instruments, and asks to determine the truth of these statements.
Answer
Only Statement 'A' is false.
Only Statement 'A' is false.
Answer for screen readers
Only Statement 'A' is false.
More Information
In legal terms, a donation inter vivos is typically a donation made with the intent of immediate and irrevocable transfer, so reforming it might be contrary to its nature. However, reformation usually involves correcting contracts to reflect true intent, and this may not apply to such donations.
Tips
A common mistake is misunderstanding the nature of 'donation inter vivos', which is usually intended to be irrevocable, thus making its reformation problematic in legal terms.
Sources
- Solved STATEMENT A: Simple donation inter vivos can be - Chegg - chegg.com
- MODULE 7 - PRIMA FACIE.pdf - Course Hero - coursehero.com
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